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Lenders Loosen Mortgage Credit Requirements in June

Mortgage News > Lenders Loosen Mortgage Credit Requirements in June
Date: 08/07/2018    Lenders Loosen Mortgage Credit Requirements in June

Potential home buyers and refinancers had slightly more access to mortgage credit in June, according to the Mortgage Bankers Association, a result of tighter competition for jumbo loans. The MBA’s Mortgage Credit Availability Index inched up 0.2% from May, marking two straight months of looser mortgage standards. The June index was also up 1.4% from the previous year. Even as jumbo loans credit eased, underwriting standards for federal mortgage loans mainly in response to VA loan program changes.

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